Ethereum Rides $219B Wave—$3K Target in Sight as Institutional Money Floods In

Move over, Wall Street—ETH's liquidity tsunami just turned crypto's second act into the main event. With $219 billion pouring in, the smart contract pioneer is flirting with levels not seen since the 2024 halving frenzy.

• The institutional greenlight: BlackRock's ETH ETF approval last quarter opened the floodgates. Now pension funds are chasing yield like degens chasing memecoins.

• Technical breakout: The 200-day moving average just got bulldozed. Traders are eyeing $3,000 as the next psychological barrier—and the options market's betting it happens before Q3 earnings season.

Cynics whisper this is just another 'risk-on' rally before the Fed pulls the plug. But with real-world assets now tokenized at scale? This bull might have longer legs than your average hedge fund's performance report.